kaüi̇i̇bfd Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 1309-4289 2149-9136 Kafkas Üniversitesi 10.36543/kauiibfd.2022.ozelsayi13 THE ROLE OF SOCIAL NETWORKS IN FOREIGN DIRECT INVESTMENTS: THE CASE OF TURKISH BUSINESS GROUPS DOĞRUDAN YABANCI YATIRIMLARDA SOSYAL AĞLARIN ROLÜ: TÜRK İŞLETME GRUPLARI https://orcid.org/0000-0002-6264-7948 İlhan-nas Tülay KARADENİZ TEKNİK ÜNİVERSİTESİ https://orcid.org/0000-0002-2872-2350 Duran Şengül KAFKAS ÜNİVERSİTESİ 06 16 2022 13 Kongre Özel Sayısı 280 304 12 13 2021 04 25 2022 Copyright © 2010, Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 2010 Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi

This study aims to examine the effect of network structures of Turkish business groups on foreign direct investment decisions. In line with this study, social network structures (in the dimensions of centrality and betweenness) that are handled at the business group level, are evaluated in the context of overlapping boards of directors. The scope of the study consists of 13 business groups determined according to the deliberate sampling method and 83 affiliates operating as affiliated companies of these business groups. In the study, the data about 96 enterprises (13 holdings and 83 affiliates) is obtained between 1997-2019, and their network structures (degrees of centrality and betweenness) are revealed. Afterward, the hypotheses, which are developed within the scope of the study, are tested through panel regression models. Research results show that degree centrality at the enterprise group level positively affects FDI decisions and activities. Another significant finding obtained within the scope of the study shows that there is no effect of betweenness at the enterprise group level on FDI activities.

Bu çalışmanın amacı, Türk işletme gruplarının sahip oldukları ağ yapılarının doğrudan yabancı yatırım kararları üzerindeki etkisini incelemektir. Bu doğrultuda işletme grubu düzeyinde ele alınan sosyal ağ yapıları (merkezilik ve arasındalık boyutlarında) örtüşen yönetim kurulları bağlamında değerlendirilmektedir. Çalışmanın kapsamı, kasıtlı örneklem yöntemine göre belirlenen 13 işletme grubundan, bu işletme gruplarına bağlı şirketler olarak faaliyet gösteren 83 bağlı işletmeden oluşmaktadır. Çalışmada öncelikle toplamda 96 işletmenin (13 holding ve 83 bağlı şirket) 1997-2019 yılları arasında elde edilen verileri ile ağ yapıları (merkezilik ve arasındalık dereceleri) ortaya konulmaktadır. Sonrasında da çalışma kapsamında geliştirilen hipotezler, panel regresyon modelleri aracılığıyla test edilmektedir. Çalışmanın bulguları, işletme grubu düzeyinde derece merkeziliğinin işletme gruplarının DYY karar ve faaliyetlerini olumlu yönde etkilediğini ortaya koymaktadır. Çalışma kapsamında elde edilen diğer önemli bulgu ise işletme grubu düzeyinde arasındalığın işletme gruplarının DYY faaliyetleri üzerinde herhangi bir etkisinin olmadığını göstermektedir.

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